diff --git a/packages/contracts/blend-adapter/src/lib.rs b/packages/contracts/blend-adapter/src/lib.rs
index 0702b4f9..d142d39e 100644
--- a/packages/contracts/blend-adapter/src/lib.rs
+++ b/packages/contracts/blend-adapter/src/lib.rs
@@ -368,15 +368,25 @@ impl MeridianBlendAdapter {
         Ok(())
     }
 
-    /// Refreshes the cached total_assets to include yield accrued since the
-    /// last call, satisfying the shared YieldAdapterInterface contract.
-    /// Currently just calls accrue(), which remains a public,
-    /// permissionless entry point in its own right.
-    ///
-    /// Panics on failure rather than returning a Result: the shared adapter
-    /// interface's refresh() has no error return, so propagating accrue()'s
-    /// Result would mean changing that interface's ABI across both adapters
-    /// and the vault's calls into them. Panicking here instead of silently
+    pub fn total_shares(env: Env) -> i128 {
+        let pool: Address = adapter_common::get_or_not_initialized::<_, ContractError>(
+            &env,
+            env.storage().instance().get(&POOL_KEY),
+        );
+        let usdc = get_usdc(&env);
+        let client = BlendPoolClient::new(&env, &pool);
+        let index = client.get_reserve(&usdc).config.index;
+        client
+            .get_positions(&env.current_contract_address())
+            .collateral
+            .get(index)
+            .unwrap_or(0)
+    }
+
+    /// Refreshes the adapter's cached total_assets by attempting to accrue yield.
+    /// A failure to accrue (e.g., if the underlying pool reverts) must bubble up
+    /// rather than being swallowed, to prevent the vault from operating on stale
+    /// pricing. This adapter relies on the standard panic handler: bubbling by
     /// discarding the error preserves this function's pre-existing
     /// fail-loud behaviour (accrue()'s storage read used to be a bare
     /// unwrap(), which panicked directly) rather than downgrading a real
diff --git a/packages/contracts/defindex-adapter/src/lib.rs b/packages/contracts/defindex-adapter/src/lib.rs
index 101cbc7c..2df547cf 100644
--- a/packages/contracts/defindex-adapter/src/lib.rs
+++ b/packages/contracts/defindex-adapter/src/lib.rs
@@ -193,6 +193,16 @@ impl MeridianDefindexAdapter {
         amounts.get(0).unwrap_or(0)
     }
 
+    pub fn total_shares(env: Env) -> i128 {
+        let dfx: Address = adapter_common::get_or_not_initialized::<_, ContractError>(
+            &env,
+            env.storage().instance().get(&DFX_VAULT),
+        );
+        let adapter = env.current_contract_address();
+        let client = DefindexVaultClient::new(&env, &dfx);
+        client.balance(&adapter)
+    }
+
     /// No-op: DeFindex's total_assets() already prices live on every call
     /// via the vault's exchange rate, so there is no cache to refresh.
     pub fn refresh(_env: Env) {}
diff --git a/packages/contracts/vault/src/lib.rs b/packages/contracts/vault/src/lib.rs
index d3a606a4..505b5cdf 100644
--- a/packages/contracts/vault/src/lib.rs
+++ b/packages/contracts/vault/src/lib.rs
@@ -40,6 +40,10 @@ pub trait YieldAdapterInterface {
     fn deposit(env: Env, amount: i128) -> i128;
     fn withdraw(env: Env, shares: i128, recipient: Address) -> i128;
     fn total_assets(env: Env) -> i128;
+    /// The adapter's current protocol-share balance, read from the underlying
+    /// protocol's own ledger rather than self-tracked. Lets the vault reconcile
+    /// ADPT_SH instead of estimating its decrements.
+    fn total_shares(env: Env) -> i128;
     /// Refreshes the adapter's cached total_assets before it is read for
     /// deposit/withdraw pricing. A no-op for adapters that already price
     /// live on every call.
@@ -241,7 +245,7 @@ impl MeridianVault {
             .set(&TOTAL_SH, &(total_shares + shares_to_mint));
         env.storage()
             .instance()
-            .set(&ADPT_SH, &(total_adapter_shares + adapter_shares));
+            .set(&ADPT_SH, &AdapterClient::new(&env, &adapter_addr).total_shares());
 
         // Stamp the entry time on the caller's first deposit; top-ups keep
         // the original time. Keyed off whether an entry record exists rather
@@ -354,7 +358,7 @@ impl MeridianVault {
             .set(&TOTAL_SH, &(total_shares - shares));
         env.storage()
             .instance()
-            .set(&ADPT_SH, &(total_adapter_shares - adapter_shares_to_burn));
+            .set(&ADPT_SH, &AdapterClient::new(&env, &adapter_addr).total_shares());
 
         let remaining = caller_shares - shares;
 
@@ -809,6 +813,10 @@ mod tests {
             mock_total_assets(&env, &usdc)
         }
 
+        pub fn total_shares(env: Env) -> i128 {
+            env.storage().instance().get(&MA_SH).unwrap_or(0)
+        }
+
         pub fn refresh(_env: Env) {
             // No-op: MockAdapter already prices total_assets() live.
         }
@@ -868,6 +876,10 @@ mod tests {
                 mock_total_assets(&env, &usdc)
             }
 
+            pub fn total_shares(env: Env) -> i128 {
+                env.storage().instance().get(&LA_SH).unwrap_or(0)
+            }
+
             pub fn refresh(_env: Env) {
                 // No-op: LossyMockAdapter already prices total_assets() live.
             }
@@ -919,6 +931,10 @@ mod tests {
                 mock_total_assets(&env, &usdc)
             }
 
+            pub fn total_shares(env: Env) -> i128 {
+                env.storage().instance().get(&ZS_SH).unwrap_or(0)
+            }
+
             pub fn refresh(_env: Env) {
                 // No-op: ZeroShareMockAdapter already prices total_assets() live.
             }
@@ -994,6 +1010,10 @@ mod tests {
                 env.storage().instance().get(&CM_TOTAL).unwrap_or(0)
             }
 
+            pub fn total_shares(env: Env) -> i128 {
+                env.storage().instance().get(&CM_SH).unwrap_or(0)
+            }
+
             pub fn refresh(env: Env) {
                 // USDC address is always set in initialize(), so this is safe.
                 let usdc: Address =